Congress in Spain approved legislation for the Property Visa (or “Golden Visa”) on September 27, 2013. The property visa grants automatic residency in Spain when you purchase property for 500,000€ or more. This can be any type of property: home, commercial, land, or a combination of properties.
Benefits of a Golden Visa in Spain
A new type of visa which allows entering and staying in Spain for a period of 1 year, increasing the actual period of 90 days for non-residents.
Allows to circulate freely and without restrictions in the ‘Schengen area’ (Spain, France, Germany, Austria, Belgium, Denmark, Estonia, Finland, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Czech Republic, Liechtenstein, Luxemburg, Malta, Netherlands, Norway, Poland, Portugal, Slovenia, Slovakia, Sweden and Switzerland).
A new type of residence permit, which can be requested at the end of the visa, and which is valid for two years renewable for a further period of two years.
Does not entail a minimum period of residence in Spain of 183 days for its renovation (the beneficiary can keep his tax address out of Spain).
Together with the investor, his family: spouse and children under 18 years of age or dependent adults due to health reasons, can request the visa.